Got Foreclosure! - Blog

This week’s “Noteworthy Foreclosure Blurbs” come from different areas in the country.

1. With abundant foreclosure opportunities everywhere it can be difficult to see the trees for the forrest. So here is a collection of areas that are becoming interesting for foreclosure buy-and-hold investment strategies.

2. This Minnesota foreclosure investor sheds some light on the 6-Million-Dollar question: “Should I try to negotiate a short sale, or will I get a better deal buying the same home when it becomes an REO listing?“ - The skinny: “The answer is: “Buy the property when the price works for you according to your investment strategy. You may not see the price drop any further once it becomes a foreclosure and you may lose it to another buyer waiting for that price drop.”

3. And there is a new flavor of “mortgage burning parties” grabbing hold among juveniles in Bakersfield, CA: ”Go party at one of the many vacant foreclosed homes on Saturday night…“